LITERACY TRUST INC
LITERACY TRUST INC
LITERACY TRUST INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$922,846
Government Grants
52%
Program Services
45%
Contributions
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,717,309
Salaries & Benefits
47%
Depreciation
26%
Fees to Service Providers
14%
Other
12%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$66,669
$32,129
-52%
Government Grants
$993,349
$476,305
-52%
Fundraising Events
$0
$0
-
Program Services
$466,889
$414,185
-11%
Membership Dues
$0
$0
-
Investments
$196
$227
+16%
Other
$55,274
$0
-100%
Total Revenues
$1,582,377
$922,846
-42%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,202,466
$807,674
-33%
Fees to Service Providers
$192,269
$235,314
+22%
Advertising & Promotion
$80
$3,950
+4838%
Offices, Occupancy & IT
$46,449
$29,184
-37%
Interest
$0
$0
-
Depreciation
$404,977
$442,888
+9%
Other
$186,557
$198,299
+6%
Total Expenses
$2,032,798
$1,717,309
-16%
Net income
2023
2024
Change
Net income
-$450,421
-$794,463
-76%
Functional Expenses
Summary
2023
2024
Change
Program
$1,486,777
$1,237,281
-17%
Admin
$390,572
$307,998
-21%
Fundraising
$155,449
$172,030
+11%
Total Expenses
$2,032,798
$1,717,309
-16%
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